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Robinhood Lists SUI Spot Trading on Its Platform

The trading app added support for SUI, the native token of the Sui blockchain developed by Mysten Labs, after an earlier blog post about the listing was deleted.

SUI

Summary

Robinhood announced the addition of SUI spot trading. SUI is the native token of the Layer-1 Sui blockchain created by Mysten Labs. The company’s official blog had previously published the listing news but later removed it.

Terms & Concepts
  • SUI: The native token of the Layer-1 Sui blockchain, used for transactions, staking, and governance within the network.
  • Layer-1 Blockchain: A base blockchain protocol, such as Bitcoin, Ethereum, or Sui, that operates independently and does not rely on another chain for security or validation.
  • Spot Trading: The purchase or sale of a cryptocurrency for immediate settlement, as opposed to derivatives or futures contracts.